Lithium-ion battery demand is expected to see a robust growth in the forecast period. This is due to its increasing demand across various application sectors such as automotive, wind, electronics, industrial and military. The market is currently driven by its usage in automotive sector in HEVs, trains and trams.

Lithium-ion batteries can be differentiated primarily based on their functionality. The application of lithium-ion battery alongside other batteries is expected to increase, and lithium-ion batteries are expected to emerge as a replacement for lead acid batteries in the coming years.

This report has been segmented by material type, by application and by geography. It also includes the drivers, restraints and opportunities (DROs), Porter’s five forces analysis and value chain of the lithium-ion battery market. The study highlights current market trends and provides the forecast from 2013 to 2019.

By geography, the market has been segmented into North America, Europe, Asia Pacific and RoW.
The present market size and forecast till 2019 have been provided in the report. The report also analyzes macro economic factors influencing and inhibiting the growth of lithium-ion battery market. Porter’s five forces analysis offers insights on market competition throughout its value chain. In addition, the market attractiveness analysis provided in the report highlights key investing areas in this industry. The report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.

- Automotive-- Cars-- Bus and Trucks-- Train and Airplanes-- Other (e-scooter and e-bikes)

- Industrial-- Cranes-- Valves-- Mining-- Smart Grid

- Consumer-- Mobile phones, smartphones and tablet PCs-- UPS-- Others

- Others (Energy, Medical, Military)

Geography

- North America- Europe- Asia-Pacific- Rest of the World

The in-depth research and high level analysis will allow lithium ion battery market vendors and research and development agencies to make informed decisions about the lithium ion battery market, formulate growth strategies and gain competitive advantage.
SHOW LESS
READ MORE >

FEATURED COMPANIES

Lithium ion batteries are rechargeable batteries in which lithium ions move from anode to cathode during discharge and traverse back to anode while charging. They are available in different form factors such as small cylindrical, large cylindrical, pouch and prismatic. The market is expected to witness robust growth during the forecast period. This is due to the advantages such as higher efficiency, longer life time in compare to other batteries. Increasing applications of lithium-ion battery in the automotive sector such as in cars and buses is further expected to fuel growth in the coming years.

The global market was USD 11.70 billion in 2012 and is expected to reach USD 33.11 billion in 2019, growing at a CAGR of 14.4% from 2013 to 2019. Rising cost of fuel has paved the way for alternate means of transportation. The popularity of Electric Vehicles and Hybrid Electric Vehicles (HEVs) has increased over the past couple of years. These vehicles are powered by lithium ion batteries. In addition, stringent government regulations to regulate the carbon emission in many countries in Europe and North America are supporting the adoption of lithium ion batteries in vehicles.

The energy requirement of consumers in electronic devices has grown in the recent years. Heavy processors in cellphone and high graphic support in devices such as Tablet PCs has increased the consumption of battery in many devices. Moreover, number of applications in smartphone is increasing and there is a necessity of higher life cycle and slow battery discharge in these devices. The growing energy requirement offer potential opportunities to the market in the coming years.

The major factors restraining the growth of lithium-ion battery are high price and low awareness about its advantages over other batteries. This results in lower adoption across different product segments such as automotive, industrial and electronics sectors. Moreover, there is a risk of fire in certain applications in different industries. Lithium-ion batteries can erupt and explode in high heat conditions. However, technological advancements to eliminate this risk are taking place and this will support the growth in the coming years.

Geographically, Asia Pacific held the largest share in the lithium-ion battery market in 2012. Japan, India, China, Singapore and Australia are some major economies in Asia Pacific supporting the market. Lithium-ion battery market in Asia Pacific is driven by robust demand in Japan and China. Japan is the leading manufacturer of lithium-ion battery. Strict government regulations related to carbon emissions in vehicles is expected to support the growth of lithium-ion battery in China. Lithium-ion battery has been used widely in the hybrid buses of China, which is further supporting its growth in Asia Pacific